1M Chinese customers unable to access bank deposits; Airbnb to close its domestic business in China

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China’s ongoing lockdowns are driving foreign companies away—including Apple. Now the company is turning to nearby neighbors.

Vacation rental company Airbnb is saying goodbye to the Chinese market after a several-year revenue struggle under China’s lockdown policies.

Though multinational companies are planning to step back from China, some voices still say it won’t be easy to detach from China’s supply chains.

A million bank customers are blocked from withdrawing their own money. Four local banks and $1.5 billion are involved. Customers now fear they might lose the funds for good.

00:00 Intro
01:36 WSJ: Apple to boost production outside China?
02:29 Airbnb to close its domestic business in China
03:24 Mexico: A #NewSupplyChain alternative to China?
05:43 Vietnam exports soar amid decline in Shenzhen
07:25 Expert: Detaching from China supply chains not easy
08:46 1M Chinese customers unable to access bank deposits
12:12 Q&A: China’s overseas united front work dept.

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1M Chinese customers unable to access #BankDeposits; #Airbnb to close its domestic business in China
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